Answer:
b. $78,500
Explanation:
Assets
Equipment $65,000
Cash $12,000
Supplies $4,500
Prepaid rent <u>$2,000</u>
Total Assets <u>$83,500</u>
Equity and Liabilities
Common stock $68,000
Retained earnings <u>$10,500</u>
Total Equity $78,500
Accounts payable <u>$5,000</u>
Total Equity and Liability <u>$83,500</u>
*<u>Working</u>
Net Profit = Service revenue - Salaries Expenses - Miscellaneous expenses
Net Profit = $30,000 - $4,500 - $20,000 = $5,500
Total retained Earning = $8,000 + $5,500 - $3,000 = $10,500
Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.
When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.
The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.
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Marketing synergies often come at the expense of product synergies because : A single customer segment will likely require a variety of products, each of which will have to be designed and manufactured.
<h3>What is marketing synergies?</h3>
Synergy means the sum is greater than the part. Marketing synergy occurs when multiple marketing initiatives are combine to create an effect more than the sum of their parts.
The above means that customers contact one after fewer viewings of marketing messages across various platform.
Hence, Marketing synergies often come at the expense of product synergies because a single customer segment will likely require a variety of products, each of which will have to be designed and manufactured.
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Because Convenience product is enough affordable item that merits little shopping efforts. Like candy, soft drinks, combs, aspirin. Diminutive hardware items, dry cleaning and car washes.
Specialty products, Extensive for a particular item, and hesitant to accepts backup. Rolls Royce automobiles, Bose speakers, Rolex watches.
1) Telecommuting is one instance when a person's employer may influence how an employee behaves at home. This statement is definitely TRUE. Even though people work from home, the manager expects following his requirements connected to basic business ethics and so on. And the main poin is that nowadays you can come across many<span> home offices where people work as responsible as in regular offices.
2) </span><span>In effect, ethics are the guidelines you use to make daily decisions. FALSE
</span>If the decisions are connected to your job which is closely linked to working and communicating with people, of course you have to follow ethics rules. But every your decision is up to you.
3) <span>A common strategy for companies recovering from scandals is to replace the CEO with someone who is regarded as trustworthy and ethical by the public. This statement is definitely -TRUE because if a company suffers from negative impact from any source, all the responsibility lies on CEO, which means that this person is not able to perform a job in needed condition.
4) </span>Since goods are more widely manufactured and sold in the global marketplace, this has caused U.S. companies to <span>face difficult decisions about ethical standards on tough issues such as child labor, pollution, fair wages, and human rights. As the company gets expanded and becomes quite successfull there is no way it avoids non-usual ways of selling and so on, and it grabs world's attention which raises many questions.
5) </span>Corporate social responsibility is mainly concerned with how a company affects the community. The main point of corporate social responsibility is the concern of company <span>about all the listed options : the investor, employees, and families of employees, the truth is that they are just the important parts of concern for community.
6) </span>Situational ethics was considered very controversial when it was established by Joseph Fletcher because it challenged the idea that <span> universal rules exist and can be applied to every situation. Fletcher thaught that every decision should be made depending on particular situation but not according to the world's laws or something like that.
7) </span>When a community gives Walmart subsidies to attract them to the area and then the workers are paid so poorly that they have to apply for public assistance, this is an example of the failure community and "good neighbor" policies. I choose this one because <span>CSR is concerned with how a company like the one mentioned in the question impacts the community surrounding its outlets.
8) </span>It is ethically unadvisable to create a hotline for employees to anonymously report violations of the ethics code and make sure the allegations are followed up on. FALSE because if one of the <span>employees noticed that something has gone out of the ethics code, employee is already empowered to communicate the problems anonymously without any 'punishment'.
9) </span>In business relations all of the following are influenced by our personal ethics EXCEPT <span>job titles. All the options besides this one are connected to our personal ethics, but job titles depend only on employees ability to work with staff and perform its duies.
10) C</span>ommunity relations is the correct answer. The<span> Calvert Company provides its employee with corporate social responsibility ratings and reports that they usually sent to consumers in order to inform about such things as : workplace, human rights, and community relations. The rest of options are not provided.
I hope you still need the answers because these ones are 100% correct.
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